JLL’s Hotels & Hospitality group represented JNR Management Inc in the sale of the 100-room hotel
News release
02 November 2023
Fairfield Inn & Suites Raynham Middleborough/Plymouth trades in Massachusetts
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BOSTON, Nov. 2, 2023 – JLL’s Hotels & Hospitality group announced today that it arranged the sale of the 100-key Fairfield Inn & Suites Raynham Middleborough/Plymouth in Massachusetts.
JLL worked on behalf of the seller, JNR, in this transaction.
The Fairfield Inn & Suites by Marriott sits on 2.45 acres and features amenities such as complimentary breakfast, a business center, fitness center and lobby market. The hotel underwent a $3.3 million ($33,000 per key) renovation that was completed in Q2 2018, making the current hotel condition excellent.
Located at 4 Chalet Rd. just 38 miles south of downtown Boston, the Fairfield Inn & Suites is strategically situated at the confluence of Interstate 495 and Route 44, giving it seamless access to the area's outer loop in direct line to Providence. Additionally, the property is five miles from the Route 24 interchange providing direct access to Metro Boston and the inner Interstate 95/Route 128 loop. The town is also a convenient stopping point for travelers headed to Plymouth, Taunton and Bridgewater. Additionally, the hotel is four miles from the Commuter Rail, providing guests with convenient transportation to Boston, Braintree and other nearby destinations.
The JLL team was led by Managing Director Alan Suzuki, Senior Director Matthew Enright and Analyst Emily Zhang.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About JNR
With over 30 years of combined experience in lucrative hotel acquisitions and development, JNR Management Inc. and its affiliate, JNR Capital Partners LLC, continues to provide richly integrated hotel management and operations. The Principals of JNR think strategically, optimize resources and execute thoroughly, without compromising their core values and commitment to excellence. For further information, visit www.jnrhotels.com